Med

Without slipping into conspiracy theories, recent events might lead us to believe that Henri Giscard d’Estaing and Stéphane Maquaire are shadowing each other.

During the moment when the former head of Club Med is making headlines again after having refused the presidency of the Organizing Committee for the Olympic and Paralympic Games Alps 2030, the current CEO would have Fosun impose a chaperone, according to our colleagues at La Lettre, to assist him in managing the French group.

And the mentor of Stéphane Maquaire is none other than Philippe Heim.

The ENA admit moved within the circle of the Chinese shareholder for nearly two years, since he was the group’s deputy chief financial officer, but above all a liaison for Fosun with French institutional and political circles.

From October 8, 2026, the former deputy general director of Société Générale will become deputy chief executive of Club Med and will also join the brand’s executive committee.

In an internal note we were able to consult, we learn that Philippe Heim arrives to meet Club Med’s development expectations and will be charged with the efficiency-improvement project.

In addition to this, he will oversee various departments, such as Finance, Legal, as well as Public Affairs and Communications.



Despite this important scope, he will report directly to Stéphane Maquaire.

“Philippe brings solid leadership experience in international environments, having held senior positions at Société Générale and La Banque Postale, and more recently, as co-chief financial officer of Fosun International.

Beyond this experience, I know Philippe will bring our team his energy, his perspective and his ability to challenge us as we enter this new phase“, commented to the teams by the CEO of the brand with the trident.

Par la même occasion, Philippe Heim quittera son poste à Fosun et au conseil d’administration du Club Med.

Ce n’est pas tout, car cette nomination s’accompagne d’une réorganisation de l’état-major.

Thus, we learn that Edmund Choi, Club Med’s chief financial officer, will report directly to the new leader. He will support financial planning, performance management, treasury management, procurement and financial resilience.

Saliha Abdou, who leads the Legal Department, will also fall under Philippe Heim’s responsibility, as will Cécile Trunet-Favre, director of communications and influence, but only for public affairs.

An organizational change designed to allow Andrew Xu to focus solely on his core priorities: growth and investment.

“We have a lot ahead of us.

Our ambitions are high, as is the standard we set for ourselves. I am convinced that the strength and complementarity of our executive committee will be essential to turning these ambitions into results“, concluded Stéphane Maquaire in the memo.

To accelerate the group’s development and find growth channels, the CEO has decided to entrust strategy definition to Alvarez & Marsal.

Born initially from restructuring work, the firm provides international consulting to many companies, combining operational and financial expertise, execution capability and commitment.

The firm will play a role in increasing both Club Med’s activity volumes and margins.

Stéphane Maquaire arrives with a tight agenda. He must successfully implement the expansion of vacation villages to reach 100 sites by 2035, from around 60 today.

To read : Club Med: objective of 100 villages by 2035

A CEO who, according to the newspaper Les Échos, “would have been embraced by the GOs, even though he knows nothing about tourism and comes from mass retail.”

He must also, in addition to discovering the industry, prepare the listing return of the brand with the trident, which would relocate from Paris to Hong Kong.